According to a study done by the Small Business Administration (SBA), two-thirds of new business survive at least two years (Schaefer, 2010). Patrick Schaefer speaks on about a company's biggest failure begins with failed leadership. A new business lacks management expertise in areas such as purchasing, hiring employees with the right skills, and finance. Among the most successful companies in the world who foster management skills in a positive way is Costco. Businesses should consist of an equal balance of managing, and leading. Differences between leading a company and managing a company are endless.

The definition of managing is the act or manner of managing; handling, direction, or control (NA, 2008). Managers are problem solvers who use resources to find a solution and always ask what problem needs to be solved or what is the best way to achieve goals set by upper management.

English: Costco Wholesale near Haydock

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English: This is a logo for Costco.

Managers manage in a dependable way in which follows the company's structural philosophy. Managers tend to order people around.

"Managers do things right, while leaders do the right thing." (Pizano, 2010)

Managing is the process of bringing people together to accomplish goals set forth by upper management. People obey orders from a manager. A manager's position is more of an authoritative position. People may not be as motivated to work without management instructing a person to do. Employees may do just enough to pass by and not work harder than what they are capable of doing. Companies can lose money by a strong workforce.

Leaders envision an idea to implement within a company. Managers do everything by the book. Leaders step out of boundaries to figure other ways of accomplishing goals. Instead of management ordering people around, leaders use charismatic ways of leading a team. Leaders use passionate ways of...

Citation styles:

Managers and Leaders in an Organization
MGT 330
January 2011
. (2012, February 17). In WriteWork.com. Retrieved 16:18, March 21, 2019, from https://www.writework.com/essay/managers-and-leaders-organization-mgt-330-january-2011

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